Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India in Sindhudurg at the two day MSME Conclave being held in the district.
About:
The card is being offered by Union Bank of India in association with National Payments Corporation of India (NPCI). It provides a simplified payment mechanism to MSMEs to meet their business-related operational expenses.
The RuPay Card offers benefits like anytime digital payments, interest-free period and will carry interest rate similar to the rate charged for loans.
MSME borrowers will be able to enjoy an interest-free credit period of up to 50 days on their business spends.
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